KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
A1 A.K Koh Group Bhd (KL:0365) , a fast-growing processed food and F&B manufacturer , debuts today on Bursa Malaysia’s ACE Market. Investors have shown keen interest — the IPO was oversubscribed by 1.11x at an issue price of RM0.25 , valuing the company at RM210 million . IPO Snapshot RM27.3 million raised to fund: New factory construction Existing plant upgrades Marketing and promotions Working capital & debt repayment Regional Growth Focus Managing Director Koh Ah Kuan highlights Malaysia (77.85% of FY2024 revenue) and Singapore (9.32%) as key focus markets, citing promising economic outlooks and demand trends. “We aim to position A1 as a leading processed food brand in both Malaysia and Singapore,” – Koh Expansion Into HoReCa COO Koh Lian Jie says the group will aggressively pursue the HoReCa segment — hotels, restaurants, and cafés — in its core markets to expand distribution chan...